Crypto world Mr. Coin: 8.4 Bitcoin (BTC) market analysis reference;

Bitcoin's market faced pressure and retracement yesterday, with prices continuously testing downward, breaking through the short-term support at 112000. As expected, it pulled back to the 111850 line, and the trend has started to weaken. It is advised that those holding long positions should not enter blindly. During the day, prices rebounded near the 114750 position and faced pressure, with not much upward strength. The market has entered a correction phase, but the intraday trend remains weak, so be cautious of a price breakout leading to further declines.

　　

Looking at the short-term four-hour chart, there has been a rebound in the daily market, but the upward momentum is not strong. The focus moving forward should be on the resistance near 115000 and the mid-track. If there is no breakthrough and stabilization within the day, the price is expected to pull back to the short-term support below. I hope all crypto friends can prepare in advance. If the support at the 113000 line is broken, the daily market is expected to move towards the 112000 line, so once the level is broken, you can follow the trend and enter a short position, aiming for a profit of 400-600 points.

8.4 Bitcoin market analysis reference;

Short position in the range of 114500-115501, defend at 127500, stop loss at 500, target below 113500,

Test the range of 110500-199500, defend at 108500 for additional positions, stop loss at 500 points, and target above 111000.

There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate your market judgment is, you must manage your take profit and stop loss well. Securing profits is essential #PI# #ETH# #BTC# .